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Not The Only Problem, Either

Obama appoints SEIU boss to Deficit Commission

Rob Port connects the dots to Obama’s efforts to force government contractors into unionization.

Perhaps this new preference for unionized shops goes hand-in-hand with SEIU union boss Andy Stern
getting appointed to Obama’s deficit reduction panel.

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The Left Likes Non-American Regimes More

Better Here than There
The Left tends to get schoolgirl crushes on foreign regimes; alas, they usually end in heartbreak.
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Biggest Sign That White House Deficit Panel Is A Joke: O Wants To Appoint Andy Stern

By Michelle Malkin  •  February 22, 2010 05:57 PM

Ow. Ow. Ow. I am laughing so hard I can’t breathe. Can. Hardly. Type.

WaPo brings us the beyond-satire news that the White House wants to put SEIU president Andy Stern on the federal deficit panel. Now, it’s not just a dog-and-pony show. It’s a dog-pony-and-thug show. I love how WaPo uses the word “eclectic” to describe the choice. “Eclectic” is the new synonym for corruptocrat

Reminder: The U.S. Attorney’s Office in Washington, D.C. is probing the SEIU for possible violations of the Lobbying Disclosure Act for Stern’s frequent visits to the White House and with members of Congress in 2009.
Reminder: As head of the SEIU, Stern has groomed his own den of labor management thieves tangled in embezzelement/fiscal abuse across the country
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Yeah, But…

CPAC straw poll: Just one percent list stopping gay marriage as a top priority

A nugget mined from the PDF of the full results. This does jibe with the gay-friendly-ish vibe to this year’s proceedings, but how seriously should we take a poll that was won by, um, Ron Paul and whose results were not only booed by the crowd but belittled by CPAC spokesmen who touted the booing to the media?

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The Power Of The Movement Is Its Independence From Democrats And The GOP

Where the tea parties should go from here

My advice to them is to keep their distance from any single party and instead influence both parties on debt, spending and an over-reaching federal government. Allowing third-party movements to co-opt the tea partiers' good name, which is happening in Nevada, will only serve to elect opponents of the tea party philosophy of low-taxes and fiscal restraint. It could also discredit the tea party movement.

If tea party groups are to maximize their influence on policy, they must now begin the difficult task of disassociating themselves from cranks and conspiracy nuts. This includes 9/11 deniers, "birthers" who insist Barack Obama was not born in the U.S., and militia supporters espousing something vaguely close to armed rebellion.

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Stroking Into Chaos

Is the piper about to call the tune on Taiwan?

China holds trillions of dollars of American debt, making them our primary creditor.  Given that China often takes foreign-policy positions in opposition to our national interests — especially regarding Iran and Taiwan, the latter of which they consider a domestic issue — that relationship has always held a certain amount of peril for our country.  Until now, most analysts assumed that China would not do anything to damage its own economy by manipulating the bond market, which would cause them damage, but pressure from the military over the issue of Taiwan could lead to an attack on the American dollar and our financial standing

This threat should underscore the need to significantly reduce federal spending and conduct the kind of entitlement reform that greatly reduces our future commitments, not an expensive reform that merely puts a tiny dent in the upward trajectory of future spending.  Our financial future relies on action now to reduce our vulnerability, before China or any other creditor can have us stroking into financial chaos.

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The Next Bailout

Social Security tipping over into the red

Last month, we noted that Social Security had delivered its worst performance in decades.  Now, Allen Sloan warns investors at Yahoo Finance that the entire program has gone into the red — and will stay there.  Get ready, Sloan says, for the mother of all bailouts

Technically, the fund should receive $120 billion in interest payments from the Treasury, which owes SSA for decades of skim repaid only in IOUs.  However, the interest itself will only be paid in IOUs.

The crisis in SocSec was supposed to arrive in 2019, according to the CBO in 2008.  Who came up with that figure?  Peter Orszag, the same man who missed the 10-year deficit projection by over $2.2 trillion in the spring of 2009, and who now runs the Office of Management and Budget.  Democrats used that figure, as well as others produced by various sources in the years preceding that analysis, to argue against Social Security reform, and to paint Republicans who warned that the crisis was a lot closer as Chicken Littles or grubby politicians who just wanted to get their hands on Grandma’s Social Security check.


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Making A Virtue Out Of Vice

Hey, I just cut 1/2 percent of the budget!

President Obama Lies About His Record Deficits and Massive Tax Increases
He says the deficits will save the economy, then blames them on George Bush.

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